Sundar PichaiSundar Pichai earned $164M in 2023
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David M. Shaffer

Ex-CEO of EnerSys

Education

Bachelor of Science in Mechanical Engineering from the University of Maryland

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1963 - 62 years ago

Economy Sector

Industrials

Tenure

1 year 7 months (Apr 2022 - Nov 2023)

Previous Experience

President of EnerSys, various executive roles at EnerSys

David M. Shaffer, the President and CEO of EnerSys, has a solid background in engineering, with a Bachelor of Science degree in Mechanical Engineering from the University of Maryland. He brings extensive experience to his role, having held various leadership...

Year

2023

Total Compensation

$9.09M

Salary

$5.30M

Board Justification

The compensation program is designed to link executive compensation to financial performance and align management's interests with those of stockholders through equity compensation.

Bonus

$0.00

Board Justification

The annual cash bonus is based on the Management Incentive Plan (MIP) metrics, which include operating earnings, primary operating capital, and non-financial transformational quantitative goals, with a payout of 124.1% of target for fiscal year 2023.

Other

$0.00

Board Justification

No other compensation was reported for fiscal year 2023.

Restricted Stock

$3.79M(39.33K RSU)

Board Justification

The value of stock awards that vested during the fiscal year 2023, calculated based on the closing price of the common stock on the last trading day prior to the date of vesting.

Performance Metrics

The primary performance metrics for the CEO's compensation include adjusted operating earnings, cumulative total shareholder return (TSR), and primary operating capital.